Omaha daily bee., 1887-02-11
WHEAT HAS ANOTHER FALL.
The Cereal Declines Gent From Wednes-
.. days Closing Figures.
DEALS IN CORN SPASMoDlC
Higher Prices Realized at the Close
Oats Take The Same Course
Mess Pork Touches High
Water Mark.
CHICAGO PRODUCE MARKET.

CHICAGO, Feb. 10. Especial Telegram to
the BEE. Wheat took another tumble, as
holders in many instances did not care to
carry this cereal any longer. News from
points at home and abroad was mea IRE, but
had more effect of Increasing the crop OF
bears than encouraging the longs The call
ing of margins was in order and this had a
depressing influence. Trading in the aggre-
gate was large, but mainly on local specu-
latve account In the latter part of,the ses-
sion there was rally, but the closings show
q fall of 1c on the winding up figures of yes
terday. There was an order for City car
loads of wheat for shipment and twenty car
loads were purchased. May opened at s05sc
and bobbed between s0j1CdSl &c, closing at
Size. June sold at S2ls@s2&c and
closed at s2%c. February closed at
75c, March at 75l4c' April at 751Sc, and July
at Siilc September sold at S5l5c@sGl4c.
Corn was unsettled and trading spasmodic.
The decline in wheat caused the market to
open 1ic lower. The big shorts who have
cen talking 4oc for May for a month bought
freely and prices rallied &c The slackenng
of the demand and liberal sellers produced
weaker feeling, and values receded to almost
outside figures, but long stuff having been
closed out, and . new set of traders taken in,
coupled with the buoyancv and sharp adj
vance in mess pork caused better feeling
and the last sales at o'clock were at &c
higher than yesterday. May opened at Zoe,
sold at 40GiOlSc, and closed at 403sc.
Oats were active but weak early,
later became quiet, although firm
i'm sympathy with corn and closed with the
decline regained. Provisions were active,
especially messpork which, Notwithstanding
the decline in the price of live hogs, devel-
oped increased strength and prices reached
the highest price since November, 1874, and
the shorts were large buyers. Outsiders who
have been holding off for some time also sent
In liberal buyers orders, under the belief
that the rumOrs of strong parties living
under the deal had some foundation. The
OFFERINGS were not large and continued bid
ding caused May, which was the principal
option traded in, to advance from Sl3.70 to
Sl4.l5, and closed at that figure at l o'clock,
gain OF 4c over yesterdays last sales. Lard
ing held down by heavy selling by the longs.
one operator selling 10000 tierces. May sold
at S6.S5G6 S711 and closed at S6S713-
On the afternoon board stronger feeling
prevailed. Wheat advanced h@4c. Pork
sold up l5c, but closed only nc higher than
at o'clock. Lard was SC and short ribs l0c
better. Wheat, March sold at 75as@T5Hc,
April at 75JS 6DI6c, May at slls@sl1fc, June
at s25EGlS3c, July at Sls6l4asc, closing with
outside prices asked. Corn, May 403s@40i6c
closing at 40azc; March, nominal at 35is so
35l4c; April, nominol at 35s593511c; June,
4lsgc bid; July, 42hc bid. Oats, March
249Ec, April 24$lc, May 29Ic, June 2S84c.
Pork. May sold at Sl4 15D6l43 80 and closed at
S+.22l6 Lard. March. Sc 75, April S6,S2lG,
May S6.S714(4G.9219 closing at S6.9216,